Minimum Household Income
$147,886
Mortgage Plan
Expenses
Stamp Duty [1]
245,000
Agent Commission [2]
211,000
Sub Total
456,000
Deposit
Initial Deposit (5%) [3]
1,055,000
S & P Agreement (5%) [3]
1,055,000
Further Down Payment
4,220,000
Sub Total
6,330,000
Total Cash Outlay
6,786,000
Financing
14,770,000
Total Interest Payable
7,412,900
Total Repayment
22,182,900
Monthly Repayment
73,943
[1] Exact Stamp Duty to be determined by Government
[2] Exact Real Estate Agent Commission to be confirmed by Real Estate Agent
[3] Normally 5% of the purchase price (Exact % to be negotiated between buyer and seller)
The calculated values are based on assumptions and provide an approximate result for your reference only.